Editors’ Note: Welcome to the new Wall Street Daily Weekend Edition.
In addition to our regular roundup of top content featured at Wall Street Daily during the week that was, we’re now including extended commentary from Editorial Director David Dittman.
And highlighting this new digest is the video-based Saturday Spotlight, which will “shine” on one member of our talented and hard-working team of market analysts each week.
Enjoy! And please let us know what you think of the new format by contacting us here.
It’s what novelist and Civil War historian Shelby Foote called “four o’ clock in the morning courage” – the ability to hop out of bed, process conflicting information, and make sound decisions in a crisis.
You’ve got to stay cool when it gets hot in a hurry. You not only have to know what you’re doing. But you need to be able to keep your head so you can put that knowledge to work.
It boils down to concentration.
I couldn’t help but be impressed by the glint in Alan Gula’s eye and the wry grin he flashes as he advises, with regard to the McKinsey & Co. report Debt and Not Much Deleveraging, “Don’t read this before bed, because it’s actually pretty frightening.”
That’s a look of quiet confidence from a guy who witnessed up close the biggest financial meltdown of our lifetimes.
The trouble is we’re still in the midst of a debt supercycle that threatens yet another “hundred-year” global financial crisis – less than a decade removed from the last such event.
I’m sure you’re familiar with a few of the titles and authors Alan highlights. Nasim Taleb has nearly succeeded in making “black swan” a household phrase.
And Robert Shiller has capitalized on Alan Greenspan’s utterance – “irrational exuberance” – and at the same time authored an essential volume on the critical air psychological and social dynamics provide financial bubbles.
What’s really compelling is the way Alan synthesizes the content of all five in the context of today’s treacherous global financial and economic circumstances.
Alan, Wall Street Daily’s Chief Income Analyst, has all the academic and professional qualifications. It’s his experience on top of his education that makes him an invaluable resource in times like these.
His strategy combines a dynamic asset allocation model with macro risk management. It’s all about preparing for financial crises and other adverse scenarios.
Are you concerned about the potential fallout from yet another major market shock? Are you interested in greater risk-adjusted returns?
Do yourself a solid this weekend and sign up with Alan and The Shockproof Investor.
How to Take Command
Shelby Foote put together those compelling words about courage to describe Ulysses S. Grant.
The Union general who became the 18th President of the United States graduated from the U.S. Military Academy and had a middling career in the Army before foundering in civilian life.
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The cauldron of the Civil War revealed this warrior’s heroism, but only after his West Point education was augmented by the hard experience of failing as a farmer, as a bill collector, and, finally, as a clerk in a tannery and leather goods shop owned by his father.
It’s a bit of a stretch to call Grant a “man of letters,” but he did author a highly regarded autobiography. So this West Point man did show some “book smarts.”
The greater part of his leadership, however, came from his experience his “street smarts,” if you will.
It’s fair to say that Grant’s book smarts provided a base of knowledge that, put in service of his street smarts, led to success on the field of battle and, to a lesser extent, as a politician.
Alan Gula’s a sharp guy an honors graduate of Villanova, an MBA from NYU, a CFA charterholder.
But you want him on your side, guiding the planning and execution of your investment portfolio strategy, because of the experience he earned on Wall Street during one of the most tumultuous periods in global financial market history.
The idea that propels the work we do here at Wall Street Daily is that anyone can be rich. Wealth doesn’t require genius. It does require discipline. And building wealth over the long term means making a plan and exercising the patience to see it through.
We’re here to provide knowledge about components that you could and in some cases should include in your portfolio.
The Shockproof Investor is an indispensable tool. Spend five minutes with Alan; listen to what he says about technological change, income inequality, low inflation, monetary shenanigans, and the hunt for good rates of return.
And listen to how he says it. The guy’s got command of the subject matter.
The strategy he’s working in The Shockproof Investor will help put you in command of the situation.
Martin Shkreli proved himself many things in recent days, among them a tone-deaf, avaricious, smarmy dungbag.
That’s a widely accepted consensus.
What’s not so well known are the facts about a company that’s supposedly stepped into the breach in HIV/AIDS therapies created by Shkreli’s capitalist-on-steroids act.
We have Senior Technology Analyst Greg Miller on the case. And he exposes the not-so-romantic truth about would-be white knight Imprimis Pharmaceuticals Inc. (IMMY).
Greg also has a look at the exhilarating possibilities emerging from driverless and connected-car research.
Chief Income Analyst Alan Gula steps up with a take-down of a well-established pharmaceutical company that’s rallied well beyond a reasonable valuation.
“Buy low, sell high” is the simple but not easy path to long-term investing success. Take heed of Alan’s analysis here. If you’ve been along for Eli Lilly and Co.’s (LLY) impressive bull run, it’s time to book profits.
Senior Analyst Jonathan Rodriguez trains his technical eye on the oil patch this week, just as the price of crude has put in a nearly 20% rally since late August.
But, as Jonathan notes, based on his reading of the fundamental indicators it’s still too early to call a bottom for the sticky stuff.
And finally, Senior Correspondent Tim Maverick takes us back to the 19th and early 20th centuries and Nikola Tesla’s dream of wireless electricity.
That dream is on the verge of becoming reality.